The rebound for the Dow these past two weeks was 9.7% but the Dow is still down 3.9% year to date. The FED cut another 50 basis points giving to the markets demands. The SP gained 4.87% for the week and the Nasdaq 3.75%, but the strongest gains came from the Russel 2000 with 6%. The markets have been FED induced as we saw, and Gold went back to record highs at 940 usd an ounce, telling the markets that it is becoming the safe haven from currency risks, and playing the inverse relationship to the dollar.

In a not so surprised move Microsoft launched a 45 billion hostile takeover bid for Yahoo. Anyone short Yahoo would have lost 50% overnight. Hu Haochen is for the fourth week in a row the leader of the WTI with gains of 693%. Mr. Hu Haochen is from Hong Kong although he is competing on the Danish League. Hanqui Guo in second place is from Australia but also competing in the Danish League.